Rolltide24
Member
Agnostic to Phil’s beef with how the PGA hands out the billions it takes in annually in media rights (they say they give the players 55% he says 26%, I’ve yet to see an audit so who knows), the PGA should not have non-profit status. Just because you give some money away at each tournament doesn’t qualify you as a non-profit company. Same for the NFL and NBA. Interesting that NASCAR is a for profit. They need to get with the times! They give a lot to charities also.
I’ve heard some golfers have questioned why a company that is in the business of raising charitable contributions would care so much about competition. Are they really a charity? I’ve seen folks note they give less than 20% of revenues to charity. A PGA spokeswoman said they’ve given more than $3Bn to charity since 1968. That’s 54 years. Remember, revenues of $1.5Bn just in 2019.
A shame that the highest earning entertainment companies in our country are non-profits. I bet if LIV or the XFL applied for non-profit status it would be a hard row to hoe.
Back to topic, I’ve enjoyed the broadcast so far. Seen some quality shots. And still a lot of sponsors on shirts and caps. Good English crowd. But Rome wasn’t built in one day.
I’ve heard some golfers have questioned why a company that is in the business of raising charitable contributions would care so much about competition. Are they really a charity? I’ve seen folks note they give less than 20% of revenues to charity. A PGA spokeswoman said they’ve given more than $3Bn to charity since 1968. That’s 54 years. Remember, revenues of $1.5Bn just in 2019.
A shame that the highest earning entertainment companies in our country are non-profits. I bet if LIV or the XFL applied for non-profit status it would be a hard row to hoe.
Back to topic, I’ve enjoyed the broadcast so far. Seen some quality shots. And still a lot of sponsors on shirts and caps. Good English crowd. But Rome wasn’t built in one day.
